$10m is not enough to retire on anymore

$10m is not enough to retire on anymore

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  1. 1 month ago
    Anonymous

    Yes. It's now minimum of 50m

    • 1 month ago
      Anonymous

      nah probably like 30 million that still gets you a million dollars a year using the 3% rule

  2. 1 month ago
    Anonymous

    I'm immigrating to South America to retire

    • 1 month ago
      Anonymous

      Wise choice. 2M is the minimum to retire down here.

    • 1 month ago
      Anonymous

      based, everything is cheap as shit there, what country will you go to?
      i personally started a new job that is purely online so i was thinking of taking a plane to uruguay or brazil and live there more comfortably
      i mean, yeah, i also have some bucks out of crypto, specially out of small coins like spx, but i always welcome more money, plus i'm learning portuguese and i already know a lot of spanish anyway

      • 1 month ago
        Anonymous

        Columbia, it has pretty great weather, it's like 16-22 degrees all year round

  3. 1 month ago
    Anonymous

    You need 50 million at this point due to hyper inflation and the stupid expensive housing market.

  4. 1 month ago
    Anonymous

    >stick 5 million in a high yield savings account that pays out 8% annually
    Are you saying $400,000 a year isn’t good enough to retire on?

    • 1 month ago
      Anonymous

      $400k is like 100k due to hyperinflation. You need 50m to retire

    • 1 month ago
      Anonymous

      Most morons here won't settle on anything less than 10M a year, which is why they will stay poor..

  5. 1 month ago
    Anonymous

    it is, but you have to move to another country.

  6. 1 month ago
    Anonymous

    You can retire as upper middle class with maybe little as $3M in eastern europe.

  7. 1 month ago
    Anonymous

    3m is my goal. I'll make it work.

  8. 1 month ago
    Anonymous

    I think it is right now. In 15 years it won't be.

    • 1 month ago
      Anonymous

      wouldn't buying silver, gold or prehaps a stock like s&p 500 adjust it to inflation?
      I do not see the problem.

      • 1 month ago
        Anonymous

        >hello sir i would like to purchase one haircut please
        >do you have change for this 10 oz gold bar?

        • 1 month ago
          Anonymous

          you can buy commodity stocks.
          Plus you can put $5m in boomer stocks if afraid of risk and would most likely even generate a profit.
          Once you make it you made it unless you frick it up do to greed or stupidity.

          • 1 month ago
            Anonymous

            meant to add boomer stocks like s&p 500

  9. 1 month ago
    Anonymous

    Every million you have equals $50,000 of spending a year for 20 years. What are you on about? Are your retirement plans so audacious that $50k a year won't cover it?

    • 1 month ago
      Anonymous

      We want to retired for 60 or more years, not 20.

      • 1 month ago
        Anonymous

        $1 is 3-4x more valuable in eastern europe
        Retiring with $1M here would be equalent to 50K annual for 60 to 80 years in the west.

        • 1 month ago
          Anonymous

          >$1 is 3-4x more valuable in eastern europe
          this was true 10 years ago maybe. right now groceries and electronics are on par or more expensive than in the west. the only thing cheaper is real estate

          • 1 month ago
            Anonymous

            >groceries and electronics
            I wouldn't buy goyslop neither consumerist shit that is designed to last only 5 years.
            Small markets and mom and pop shops here are pretty cheap, even farmers market.

          • 1 month ago
            Anonymous

            farmers market sell the same shit thats in the stores most of the time and arent cheaper than supermarkets

          • 1 month ago
            Anonymous

            Thats only a minority of seller or it is where I live.
            Most of the stuff are local and, some things might be a bit more expensive but the quality is much better. Supermarkets and hypermarkets tend to overprice products, otherwise it seems fine to me.

          • 1 month ago
            Anonymous

            >some things might be a bit more expensive but the quality is much better
            okay so then you agree groceries are the same or more expensive than in the west. then what is cheaper in eastern europe than in western that isnt real estate?

          • 1 month ago
            Anonymous

            no, I was refering to eastern european super and hypermarkets

        • 1 month ago
          Anonymous

          I do have a friend from Bulgaria that tried to convince me to come live there. Maybe I'll actually do it.

  10. 1 month ago
    Anonymous

    It's fine, I'm getting 100x this cycle. I'm sorry you chose some old bags from 2021 and became an exit liquidity. Should've picked something fresh instead.

  11. 1 month ago
    Anonymous

    huh? how? just eat rice and beans and you can live off next to nothing

  12. 1 month ago
    Anonymous

    You are fricking deluded and completely out of touch with reality. $1,000,000 is more than enough for a lot of normal people to retire on, especially if they live frugally. You are disconnected from reality and don't understand other people's struggles, a sociopath.

  13. 1 month ago
    Anonymous

    Yes $200MM is the bare minimum. And that’s if you wanna live a very humble lifestyle

  14. 1 month ago
    Anonymous

    It depends. If retirement is living with roommates, eating rice and beans, and shitposting all day, you could retire with $10 million. But if you plan to have a family, yes, of course you'll need more.

    Your wife won't live with roommates and your kid needs to be safe, happy, and well educated, right? So you'll need a large house in a good neighborhood with the best schools, fitted with good security systems. You'll need cleaners, cooks, gardeners, etc. You'll need a fully-stocked bomb shelter. You'll need emergency funds and precious metals in several locations. You'll need at least two SUVs. And do you think your wife will be happy without a steady supply of clothes, israeliteelry, hair styling, manicures, massages, meals at nice restaurants, and luxury vacations? Of course not. You'd need at least $1 billion to retire if you're going to have an ordinary life.

    • 1 month ago
      Anonymous

      The price of the American dream is steep eh? Give me Thailand's hottest woman who's happy with cheap chinese knockoffs and a luxury apartment in Bangkok and I could live the rest of my life on 1mil

  15. 1 month ago
    Anonymous

    you need at least $50 Million to live frugally for 2, maybe 3 years if you're really lucky.

  16. 1 month ago
    Anonymous

    I'm 40 and I can easily live the rest of my life on one million. Just don't be a moron with money.

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